Glossary / General

depreciate

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Depreciation is when something loses its value over time. For cars, this means they are worth less money as they get older.

Technical Definition

Depreciation refers to the decrease in value of an asset over time, particularly in the automotive context where vehicles typically lose value as they age and accumulate mileage. Understanding depreciation is crucial for buyers and sellers in the automotive market.

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Also Known As

depreciate 15 grand depreciated $13,000 in three years

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